Treasury bill yields declined at Monday’s auction as investors shifted focus back to short-term debt following the auction of five-year retail treasury bonds last week, and amid growing anticipation of potential monetary policy easing.
Inflation in the Philippines eased to its lowest level in six years in July, driven by falling prices of rice, other food items, and utilities. The headline inflation rate slowed to 0.9 percent, down from 1.4 percent in June, according to the Philippine Statistics Authority (PSA).
Treasury bill yields moved mostly lower at Monday’s auction, as investors braced for a raft of key economic reports that could influence future monetary policy direction.
Rice prices may continue to ease inflationary pressure this July, even as the cost of other key food items rises with the onset of the rainy season, according to preliminary data from the Philippine Statistics Authority (PSA).
Headline inflation in the Philippines rose to 1.4 percent in June, up from May’s six-year low of 1.3 percent, driven by increased housing and utilities costs—especially electricity—and a seasonal increase in education services following the start of classes.
The Tourism Promotions Board (TPB) Philippines has partnered with the Primer Group of Companies to launch "The Philippines by Foot," a new initiative positioning the country as a top destination for walking and mindful travel.
A massive shipment of imported onions left abandoned at the Manila International Container Port (MICP) is now set for disposal after laboratory tests confirmed the cargo poses health risks, intensifying government action against deteriorating perishable imports clogging port facilities.
Once a vital source of food and livelihood for communities in Malapatan, Sarangani, the Sapu Masla River had deteriorated due to poor waste management and slash-and-burn farming practices. Uncontrolled soil erosion from deforested uplands carried silt downstream, turning waters murky, increasing flood risks, and threatening local livelihoods.
The Manila Electric Company (Meralco), led by Manuel V. Pangilinan, and the Philippine National Police (PNP) have reaffirmed their partnership to stop the theft and pilferage of power facilities and materials across Meralco’s service area.